New data series shows 5.2% of NZ households owe more than they own

Tue, 28 Jun 2016

By Paul McBeth June 28 (BusinessDesk) - A new government data set shows about 5.2 percent of New Zealand households owe more than they own at a time when low interest rates have made borrowing more attractive. As at June 30, 2015, 4.6 percent of the country's 1.67 million households had a net worth of between $0 and negative $100,000 and 0.6 percent were in even deeper negative equity, Statistics New Zealand's household net worth figures show. The report is the first of a new series, which the agency last touched on during a longitudinal...

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